Western New England Bancorp, Inc. (NASDAQ:WNEB) Short Interest Update

Western New England Bancorp, Inc. (NASDAQ:WNEB) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 54,100 shares, a decrease of 19.3% from the December 15th total of 67,000 shares. Based on an average daily volume of 38,800 shares, the short-interest ratio is presently 1.4 days. Currently, 0.3% of the company’s stock are short sold.

Western New England Bancorp Trading Up 0.4 %

Shares of Western New England Bancorp stock opened at $9.09 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $9.19 and a 200-day simple moving average of $8.63. The stock has a market cap of $191.07 million, a price-to-earnings ratio of 17.48 and a beta of 0.70. Western New England Bancorp has a 12-month low of $6.00 and a 12-month high of $10.08.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Western New England Bancorp had a net margin of 9.05% and a return on equity of 4.58%. The company had revenue of $30.98 million during the quarter, compared to analyst estimates of $17.39 million. On average, equities analysts forecast that Western New England Bancorp will post 0.52 EPS for the current fiscal year.

Western New England Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.08%. Western New England Bancorp’s dividend payout ratio (DPR) is presently 53.85%.

Insider Buying and Selling at Western New England Bancorp

In other Western New England Bancorp news, SVP Darlene M. Libiszewski sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $9.18, for a total value of $45,900.00. Following the transaction, the senior vice president now directly owns 16,020 shares in the company, valued at $147,063.60. This represents a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.80% of the company’s stock.

Institutional Trading of Western New England Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Fourthstone LLC grew its position in Western New England Bancorp by 372.5% during the 3rd quarter. Fourthstone LLC now owns 769,807 shares of the financial services provider’s stock worth $6,543,000 after purchasing an additional 606,897 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Western New England Bancorp by 2.8% during the second quarter. Renaissance Technologies LLC now owns 1,200,362 shares of the financial services provider’s stock worth $8,258,000 after buying an additional 32,700 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Western New England Bancorp by 48.8% during the third quarter. Assenagon Asset Management S.A. now owns 49,236 shares of the financial services provider’s stock worth $419,000 after buying an additional 16,158 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Western New England Bancorp by 16.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,605 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 11,936 shares during the period. Finally, Barclays PLC raised its stake in Western New England Bancorp by 23.8% during the 3rd quarter. Barclays PLC now owns 44,422 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 8,532 shares during the last quarter. Hedge funds and other institutional investors own 67.95% of the company’s stock.

About Western New England Bancorp

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.